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Frye Festival founder Billy McFarland is facing 40 years in the slammer

Prison accommodation would still be cushier than Fyre Fest, tbh.

Frye Festival founder Billy McFarland has agreed to plead guilty to two counts of wire fraud and misleading investors. Each count carries a maximum sentence of 20 years.

McFarland was arrested for providing false financial information to investors in 2017, who contributed over $1.2 million to the hapless festival.

McFarland's sentencing hearing is set for June.

Despite pooling significant investment, Fyre Festival was a total shitshow. As you probably recall, the $12,000-a-pop festival descended into absolute chaos with bands cancelling their shows at the last minute and punters left stranded in some sort of Lord of the Flies situation.